Brokers Set Expectations for Shift4 Payments FY2024 Earnings

Shift4 Payments, Inc. (NYSE:FOUR) – Research analysts at B. Riley raised their FY2024 EPS estimates for Shift4 Payments in a research note issued on Tuesday, November 26th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $2.96 for the year, up from their previous estimate of $2.91. B. Riley currently has a “Buy” rating and a $150.00 price objective on the stock. The consensus estimate for Shift4 Payments’ current full-year earnings is $2.96 per share. B. Riley also issued estimates for Shift4 Payments’ Q4 2024 earnings at $0.98 EPS and FY2025 earnings at $4.17 EPS.

Several other research analysts have also recently issued reports on FOUR. Stephens increased their price objective on shares of Shift4 Payments from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Morgan Stanley boosted their price objective on Shift4 Payments from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. The Goldman Sachs Group raised their target price on Shift4 Payments from $106.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. William Blair initiated coverage on shares of Shift4 Payments in a report on Wednesday, September 4th. They issued an “outperform” rating for the company. Finally, BTIG Research raised their price objective on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.15.

Shift4 Payments Stock Down 0.8 %

Shift4 Payments stock opened at $114.08 on Thursday. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $116.84. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 1.43 and a beta of 1.64. The company’s 50-day moving average price is $96.21 and its two-hundred day moving average price is $81.00. The company has a current ratio of 2.98, a quick ratio of 2.97 and a debt-to-equity ratio of 2.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FOUR. Waldron Private Wealth LLC bought a new stake in shares of Shift4 Payments in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC acquired a new position in Shift4 Payments in the third quarter valued at about $27,000. Toth Financial Advisory Corp bought a new stake in Shift4 Payments during the third quarter worth about $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Shift4 Payments during the third quarter worth approximately $56,000. Finally, Quarry LP bought a new position in shares of Shift4 Payments in the second quarter valued at approximately $60,000. 98.87% of the stock is owned by institutional investors.

Insider Transactions at Shift4 Payments

In other news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $82.57, for a total value of $1,032,125.00. Following the completion of the transaction, the insider now owns 228,021 shares in the company, valued at approximately $18,827,693.97. This represents a 5.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $81.30, for a total transaction of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares of the company’s stock, valued at $14,874,566.70. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.